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Home/Business/Hindalco Opens Pune Plant, Share India S…

Hindalco Opens Pune Plant, Share India Securities Raises ₹50 Cr

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By ThePip Desk•
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Interior of a modern manufacturing facility with a robotic arm, production line, bicycle frames, and wheel rims.

Aluminium bicycle component manufacturing in Chakan, Pune, Maharashtra

Key Highlights

Hindalco Industries commissions new aluminium bicycle component plant in Pune. Share India Securities to raise ₹50 crore via Non-Convertible Debentures (NCDs).

Hindalco Boosts Aluminium Production in Pune

Hindalco Industries has commissioned a new manufacturing facility for aluminium bicycle components in Chakan, Pune, Maharashtra. This strategic move expands the company’s portfolio of value-added aluminium products and mobility-related applications.

Key Production Capacities:

  • Frames and Forks: Approximately 500,000 units annually
  • Handlebars: 750,000 units annually
  • Wheel Rims: 800,000 pairs annually

The plant is equipped with advanced manufacturing and finishing capabilities, catering to both domestic and international markets.

Share India Securities to Raise
50 Crore

Separately, Share India Securities has secured approval from its Finance Committee to issue Non-Convertible Debentures (NCDs) worth up to
50 crore.

NCD Details:

  • Number of NCDs: Up to 50,000
  • :
    10,000 each
  • Nature: Secured, rated, senior, listed, taxable, transferable, redeemable
  • Placement: Private placement basis
  • Listing: Proposed on the wholesale debt market (WDM) segment of the
Hindalco IndustriesShare India Securities